Why is Snowman Logistic falling/rising?
As of 06-Nov, Snowman Logistics Ltd's stock price is Rs 47.16, down 3.06%, and has underperformed with a year-to-date return of -33.48%. The stock is trading below all key moving averages, indicating a bearish trend, and has significantly lagged behind the broader market.
As of 06-Nov, Snowman Logistics Ltd is experiencing a decline in its stock price, currently at Rs 47.16, which reflects a decrease of Rs 1.49 or 3.06%. The stock has been underperforming, having fallen consecutively for the last two days with a total return of -8.21% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant increase in delivery volume by 337.19% on 04 Nov, the overall performance today has underperformed the sector by 1.18%. The stock's year-to-date return stands at -33.48%, further highlighting its struggles compared to the benchmark.In the broader market context, while the Sensex has shown a positive return of 6.62% year-to-date, Snowman Logistics has significantly lagged behind with its substantial decline. Over the past week, the stock has dropped by 8.73%, while the Sensex has only decreased by 1.30%, illustrating a stark contrast in performance. This disparity suggests that investor sentiment towards Snowman Logistics is currently negative, contributing to its falling stock price amidst a generally more stable market environment.
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